DTN News - DEFENSE NEWS: Lockheed Martin Receives $100.5 Million Contract For Paveway II Plus Laser Guided Bomb Kits
(NSI News Source Info) TORONTO, Canada - September 6, 2011: Lockheed Martin [NYSE: LMT] received a $100.5 million contract from the U.S. Air Force for production of paveway II Plus Laser Guided Bomb (LGB) GBU-12 guidance kits.
The award to Lockheed Martin represents the majority share of an initial $134 million paveway II Plus LGB procurement, part of an overall $475 million five-year, firm-fixed-price, multiple-award contract announced by the U.S. Air Force on August 1.
Deliveries on the contract will begin in 2012. The GBU-12 guidance kits consist of the recently integrated MAU-209C/B computer control group, which contains the electronic guidance system, and the MXU-650 air foil group, which provides lift and stability to the weapons. Lockheed Martin’s paveway II Plus LGB guidance kits significantly improve weapon accuracy and reduce risk to U.S. and allied ground forces when compared to the legacy paveway II weapons.
Lockheed Martin is currently producing paveway II Plus LGB GBU-12 kits for the U.S. Air Force and U.S. Navy as part of a $34 million U.S. Air Force contract awarded in 2010.
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